News
TODAY IN THE NEWSPAPERS, MONDAY 21ST DECEMBER 2020
JOMOG NEWS NIGERIA BRINGS YOU NEWSPAPERS HEADLINES FOR MONDAY 21ST DECEMBER 2020.
ENJOY;
THE NATION
Presidential liberties’ Why not!
The Kankara abductions
South-south governors tasked on establishment of security network
State emergency in Nigeria
Police, rights group kick as cop kills man in Rivers
HURIWA to Buhari: Blame yourself for spate of kidnappings, killings
COVID-19: Uzodimma orders workers to stay at home
No rift with Oyetola, says Aregbesola
NJC recommends sack of two judges over age falsification
Police arrest five armed robbery suspects in Abuja
Again troops rescue 84 school children in Katsina
Millions of naira lost as fire razes Bayelsa furniture market
FCT in crisis of COVID-19 second wave, says Dr. Okechukwu
Ohanaeze: consensus candidate collapses during meeting
PDP wins all 17 LGA council chairmanship seats
IPOB chides SEast govs over rejection of security outfit
COVID-19: Kaduna directs workers to work from home
JUST IN: DG NIPSS Professor Habu Galadima dies
Four killed in fresh reprisal attacks on Zango-Kataf
Court reinstates 32 sacked Ekiti varsity workers
Ebonyi PDP accuses Umahi of intimidation
Zikist-Buharist Movement carpets Secondus for asking Buhari to resign
SEC disclaims Famzhi Interbiz Limiteds operations
FCTA warns against sale of cars within residential premises
Non-adherance to party manifesto eroding APC electoral viability, PGF DG warns
PSC dismisses Senior officers for smuggling 300,000 live cartridges, others
Niger Assembly Speaker, others test positive for COVID-19
Anambra 2021: Anyaoku, Ezeife, Obi others meet over zoning
Stop shedding blood of innocent Nigerians, Aare-Musulumi charges FG
JUST IN: Police rescue 80 abducted Islamiya students, four others in Katsina
Imo to shut illegal betting operators from January
NiDCOM describes death of US-based Nigerian doctor, wife as shocking
PSC dismisses four senior Police Officers for misconduct
PDP sweeps chairmanship seats in Abia LG poll
UPDATED: Ondo loses another Commissioner
Gunmen kidnap Kogi council boss
Kogi: Gunmen demand N25m for release of former council boss
BREAKING: Ondo State Commissioner for Regional Duties dies
Digital Identity Number is free FG
Kidnappings, killings: Dont blame Buhari alone, says ex-minister
More troubles for Rivers APC as counter suspensions rock party
Seven killed in reprisal attacks on Kaduna villages
I threw my step brother into a well because his mother maltreated me, says teenager
VANGUARD
Petrol price cut: Oil marketers still sell at N170 per litre ‘ Investigation
NIPSS DG, Galadima, was an intellectual colossus’ Buhari
2023: Full text of Pius Anyim’s speech on Igbos political interest
COVID-19 Second Wave: Atiku wants FG to temporarily halt all UK flights
Community Policing: Fayemi makes case for police reform
APC mourns as ex-Lagos commissioner, Ajiboso dies at 68
Dakadda Tower, Nigeria’s most IT-compliant building ‘ Obasanjo
Ex-Lagos commissioner, Ajiboso, dies at 68
Lawmaker advocate youths, women empowerment as panacea to insecurity, poverty
Fireboy, Simi top Boomplay’s 2020 most streamed artists list
AfDB Board of Directors approves borrowing programme for 2021
How Police, Army saved 80 Katsina Islamiya students from kidnappers
Germany to suspend air links with UK from midnight
Ortom commissions N1.2billion road projects in Benue South district
Police foil robbery, arrest suspected cultists
Covid-19: Italy to suspend flights from UK
COVID-19: Kaduna workers to operate from home
England faces lengthy lockdown as new virus strain ‘out of control
Our boarders are more secure now ‘ Aregbesola
Dutch ban UK flights to stop virus ‘mutation
Niger Delta youths rally support for Buhari’s decisions on NDDC
FG orders probe of payment for Digital Identity Number
Again, drunk police officer kills father of three in Rivers
Reps hold special session Monday to pass 2021 budget into law
Anambra 2021: Stakeholders to decide on zoning
Insecurity: Revisit APC Manifesto, PGF DG tells Defence, Police, Interior ministers
Enemies of Nigeria behind Magu’s ordeal, ex- EFCC boss’ classmates tell Buhari
Police arrest two for gang raping 19-yr-old in Ogun
NIPSS DG, Professor Habu Galadima, is dead
Release of Kankara school children, cheering news ‘ CAN
E.X.P.O.S.E.D: Nigeria jihadists kill five soldiers, kidnap 35 civilians in two attacks
Kidnappers of Edo HoS yet to open communication, orderly still missing
Four killed in Southern Kaduna reprisal attacks
Ngige’s community rejects reinstated monarch
Police Service Commission dismisses 4 senior officers, demotes 2 others over misconduct
NIN: Telecom workers reject 2 weeks deadline for subscribers
Breaking: Niger state Speaker, Clerk test positive for covid-19
Just in: Gunmen kidnap Ex-LG Chairman in Kogi
How COVID-19 disrupted marriages in Lagos
Imo: Uzodimma orders workers to stay home over spike in COVID -19
HappeningNow: 4 senior Police Officers dismissed for misconduct
Insecurity: Nigeria must remain indivisible, indissoluble, APC Govs declare
Repengages constituents on tomatoes, Ugu production in Delta
Akwa Ibom deep-sea port project to generate 300,000 jobs ‘ Okon
NGF pledges to provide functional education system in Nigeria
Insecurity: Ignore Nnamdi Kanu’s security outfit ‘ South East Governors
Apapa rail line: Amaechi tasks APM terminals to cooperate with contractor on project delivery
Dana Air offers free tickets to passengers after flight cancellation
APC hails Reps for dumping PDP, APGA SDP
Restructure Nigeria before 2023, Anglican Bishop tells FG
Igbo Presidency: 1914 amalgamation, a great mistake ‘ GLOMIP
SERAP asks Buhari to stop NIN registration, withdraw threat to block SIM cards
Police nab suspected cultists, foils robbery on Otedola Bridge
PDP sweeps chairmanship seats in Abia LG poll
2023: Time for Igbo presidency is now, says Pius Anyim
BBNaija’s Gifty threatens to arrest singer, Mr 2Kay over daughter
Mr. Macaroni, Uchemba grace Chiji14Xchange’s dinner party
Police, vigilante rescue 84 Katsina students kidnapped by bandits
Why a consensus candidate is bad for Ohanaeze
THISDAY
Recipe for Economy-transforming PIB
The NCC Directives on SIM Registration and Synchronisation with NIN
Report: Tax evasion, Stealing, Pillars of Corruption in Nigerias Oil Industry
First Banks New TVC: Of Historical Renaissance and Innovative Validation
Confronting Global Oil Market Headwinds
Will Ogoni, Shell Oil Spill Dispute Ever Be Resolved
UMAR IBRAHIM: NDIC Examining Framework for Granting Banks Financial Assistance
Japaul Oil Changes Name to Japaul Gold & Ventures
Local restaurants are receiving boost from online food delivery companies
This Animal Farm!
Unlike Chibok, Kankara Ends Well
COVID-19: Be Responsible This Yuletide!
Tambuwals Different Kind of Revolution
Beyond Metuhs Victory
At the National Assembly, Its Defection Parties
From Chibok Girls to Kankara Boys
The Pied Piper of Kankara
Messi Equals Peles Record with 643rd Goal for Barcelona
Liverpool Crush Crystal Palace with Sledgehammer
Liverpool Seek Firm Grip of Top Spot with Visit to Selhurst Park
Ebeguowen Otasowie: Delighted by Premier League Debut
Ola Aina Names the Player He Gets Along Most
PUNCH
European countries ban UK flights over new COVID-19 strain
Border reopening: Poultry, rice importation remain banned, says FG
McTominay scores twice in three minutes as Man United thrash Leeds 6-2
Insecurity: Edo APC demands Obasekis resignation
Celtic beat Hearts on penalties to win Scottish Cup
Presidency says military rescued Kankara schoolboys
Buhari, Lalong mourn NIPSS DG, Galadima
EPL: Leicester beat Tottenham to go second after Ndidis return
COVID-19: Italy to suspend flights from UK, says official
AC Milans Leao scores fastest goal in Serie A history
[BREAKING] Age falsification: NJC recommends two judges for retirement
BREAKING: NIPSS boss, Galadima, is dead
Insecurity: APC govs seek bi-partisan approach to restore peace
Nigerian doctor, wife found dead in US home
Brightons Welbeck denies Sheffield first EPL win
Many Nigerians dont trust police, says Fayemi
Niger Assembly speaker, clerk test positive for COVID-19
Lot of things going wrong for Arsenal, says goalkeeper Leno
Police dismiss four senior officers for misconduct
Ex-LG chairman Ekpa kidnapped in Kogi
Second wave: Kaduna imposes new restrictions on churches, mosques, others
UK says new COVID-19 strain out of control
UPDATED: 80 abducted Kastina students rescued Police
SIM cards: SERAP asks Buhari to stop NIN registration
Prominent sportsmen who died in 2020
FRSC promotes 2, 880 officers
Car bomb kills eight in Kabul
Biden to continue Trumps US-China policy
Watford coach Ivic sacked after four months
COVID-19: Lagos shuts Cubana nightclub
Fire razes Zamfara College of Education hostel
Policeman said his colleague shouldve finished me and taken my body to morgue with others Gunshot victim
Osun pastor who stabbed co-tenant to death mentally unstable Neighbour
Why my 89-year-old father, son and I joined #EndSARS protests Alero Roberts
I regret not being a billionaire like my contemporaries 80-year-old retired accountant
We got N400,000 as payoff after working for over 20 years
Buharis visit to his ranch instead of Kankara insensitive Olajengbesi
Contest 2023 Presidency, Ekiti APC tells Fayemi
Makinde, deputys rift deepens South-West PDPs crisis
Im pained losing two of my quintuplets Mother
Without devolution of power, Nigeria going nowhere Agbakoba
Relations mocked us when we didnt have a child Pastor whose wife had quintuplets after 23 years of marriage
#EndSARS: Govt cant protect lives without caring for citizensDonald Duke
THE SUN
Gov Bellos giant strides in tackling security challenges in Kogi state
Rivers APC crisis deepens, as Amaechi camp suspends Abe’s
Doc, what causes cancer
There is life after 2020 Yuletide
A vote for free press
In Ogbulu, Gov. Ikpeazu scores maximally
Restructuring will kill Nigeria ‘ Isa Yuguda
Anambra 2021: Nobody can intimidate me in the guber race’ Hon. Azubogu
2020 is year we have never seen before ‘Senator Arise
Southeast has bright chances to produce president in 2023 ‘ Chekwas Okorie
Rivers APC crisis deepens, as Amaechi’s camp suspends Abe’s faction
Lagos APC chieftain Odunmbaku loses mum at 95
Apathy mars Abia LG polls as APC calls for cancellation
Insecurity: Resign now, Secondus tells Buhari
Cash crunch hits Senate
Rohr’s $2m compensation clause: Amokachi blasts NFF
LMC confirms Dec 27 as start date for NPFL 2020/21 season
CAF Champions League: Enyimba departs for Sudan today
NFF pays 50% FIFA palliative funds to clubs ‘Moses Etu
We are developing other sports beyond football ‘Minister
Edo Queens target Champions League ‘CEO
StarTimes to beam NBA matches on ESPN
Governor Ugwuanyi’s football competition kicks-off in Nsukka
COVID-19: Nigeria records 6 deaths in 24 hours, confirms 920 new infections
A son is given
Atiku mourns killing of Emir of Kaura Namodas aides, others
Insecurity: Ijaw elders harp on community defence
Obi shares path to success with students
Reappraise security architecture, Anglican bishop tells FG
Rotational presidency key to national unity Anyim
Tinubu lauds Buhari, Masari over abducted Kankara schoolboys rescue
Boko Haram suicide bomber kills 3 in Borno
Southern Kaduna: Again, gunmen kill 7, 5 missing
Why divorce is rampant in entertainment industry Etim-Effiong
Anxiety, fear as second wave of COVID-19 hits Nigeria
Inside story of police massacre of 6 in Port Harcourt
NPHCDA boss recipe for Universal Health Coverage through PHC
Onitsha hot as crime worsens
Ebonyi church in turmoil
Serah Abiarah:Nigerias first female train driver opens up on her experiences
State of insecurity alarming in Nigeria
Mahmood Yakubu: New tasks before a returnee INEC helmsman
The new solar initiative
GUARDIAN
EU commends Buhari on release of abducted students
Man United thrash Leeds 6-2 as rivalry renews in style
Leicester dent Tottenham’s Premier League challenge
AC Milan’s Leao scores fastest-ever Serie A goal after six seconds
How Not To Go Broke This Christmas
Sane warned by Rummenigge to shape up fast at Bayern
Putin hails Russia’s spies, visits intelligence HQ
Sweet Potato Pies Recipe
Gladbach fine Thuram month’s wages after spitting red card
Boko Haram kill five soldiers, kidnap 35 civilians in two attacks
All You Need To Know About Eyelash Serums
Troops raid Gana militia gang’s camp, kill 2 in Benue
Arsenal ‘don’t have time’ to feel sorry for themselves, says Leno
Rare Christmas sales in Saudi Arabia
How To Make Barbecue Fish
Ex-LG Chairman kidnapped in Kogi
PSC dismisses 4 senior Police Officers for misconduct
Styling Bright Colours This Christmas Season
Britain says new virus strain ‘out of control
Germany mulls ban of UK, SAfrica flights over virus fears
Security operatives rescue 80 pupils of Islamic school in Katsina
PDP sweeps chairmanship seats in Abia LG poll
Ondo State Commissioner for Regional Duties dies
Eight killed as car bomb rocks Afghan capital
Dutch ban UK flights to stop virus ‘mutation
Here’s How To Have The Best Pandemic Christmas
Atheists to save historic wooden German church plank by plank
All You Need To Know About Bipolar Disorder
COVID-19: Nigeria records 6 deaths in 24 hours, confirms 920 new infections
Reminiscing 90s Kids Christmas Traditions
Gunmen abduct Islamic school students in Katsina
A Covid Christmas
The Week
Biden and Mexico leader discuss migration
Why there is leadership vacuum in Igbo land
The Amina Abdullahi Umar Ganduje people don’t know
Adhere to COVID-19 protocols, Enugu government advises residents
Amotekun accused of killing two in Ibadan
Tinubu lauds Buhari, Masari over rescue of Kankara Schoolboys
13m children get seasonal malaria chemoprevention
Kankara pupilswant schools protected
Amaechi wants urgent solution to gridlock, port congestion at Tin-Can Port
Cross River: Women lawyers seek legislation against gender-based violence
TRIBUNE
Buhari mourns late NIPSS DG, Galadima
Kankara students’ abduction: Reinforce your capacity to secure Nigerians, APC governors tell IGP, Service Chiefs
Success of community policing will depend on people’s trust in police ‘ Fayemi
Amotekun corps must bear arms, Ekiti elders tell South-West governors
Omi-Apata LCDA empowers farmers, launches local rice
Multiple piracy attacks rock Bonny waters, threaten NLNG vessel
NEPC to make Nigeria destination of quality cocoa ‘ Awolowo
Security: North Central Govs to meet in Makurdi Monday
FG seeks cooperation between APM, CCECC on Apapa rail extension to meet deadline
Scarcity: Maize farmers target about 400,000 hectares for dry season cultivation
Insecurity: Troops neutralize 2 members of Gana’s gang in Benue ‘DHQ
JUST IN: PDP cancels Jigawa State congress as members leave venue in anger
Gombe LG poll: Gov Inuwa Yahaya congratulates newly elected Chairmen, Councillors
Mounting security, economic challenges eroding APC electoral viability, DG APC Governors’ forum raises the alarm
Gunmen abduct former council boss in Kogi, demand N25m ransom
Ogun govt goes tough on mobile advertisement defaulters
Ondo Commissioner, Bayonle Ademodi, dies at 68
Katsina again: 80 Islamic school students abducted, rescued by security forces
Fear as many young Nigerians contract Covid-19
7 DAYS TO CHRISTMAS: Terrorists strike again in Borno
COVID-19 spike: Delta says no cause for alarm, issues public health advisory ahead Yuletide
JUST IN: APC sweeps Gombe LGAs election
Insecurity: Troops kill bandit, arrest two others in Zamfara ‘ DHQ
COVID-19: Always monitor your children to wear face masks in public place, Osun governor’s wife charges parents
NCDC confirms 920 new COVID-19 cases as total rises to 77,933
FRSC confirms 11 injured in Otedola Bridge tanker explosion
UPDATE: Gunmen kidnap Edo State Head of Service, kill driver
UPDATE: Tanker conveying diesel explodes on Otedola Bridge, razes Camry, truck carrying container
BREAKING: Edo State Head of Service kidnapped
BREAKING: Fuel tanker explosion on Otedola Bridge again (VIDEO)
COVID-19: Lagos bans carnivals, concerts
Northern governors at war over sponsorship of bandits
Celebrating a COVID-19 Christmas
Why insecurity persists ‘Yarima
Nigeria and its kidnapping crisis
Institute of Strategic Management inducts new fellows
Why deposits in closed banks remain unclaimed’NDIC
Equities market sustains positive trend as investors gain N390.2bn
SEC Nigeria, FSD Africa begin master plan review
Stakeholders laud FG’s bid to audit existing free trade zones
SPORTS
2020-21 College Football Playoff Odds: Early Lines for Semifinal Matchups – Bleacher Report
3 reasons Chelsea released Frank Lampard transfer, target Declan Rice – Daily Times
49ers Rumors: Injured Jimmy Garoppolo Unlikely to Return; George Kittle Possible – Bleacher Report
5 occasions when top-flight reputations were proven to count for nothing – Yahoo
Aaron Rodgers, Packers Beat Panthers 24-16 Behind Aaron Jones’ 145 Rushing Yards – Bleacher Report
Aaron Rodgers: ‘I Have a Sour Taste in My Mouth’ After Packers’ Win vs. Panthers – Bleacher Report
Aboubakar’s brace and Bernard Mensah’s assist inspire Besiktas to victory – Goal
Adarabioyo Dissappointed With Fulham Draw Vs Newcastle United – Complete Sports
Akono: Azam FC sell striker to Negeri Sembilan of Malaysia – Goal
Alabama’s Mac Jones to Tim Tebow: ‘I Loved You Growing Up and Still Do Now – Bleacher Report
Alan Shearer says he ‘wouldn’t be so sure’ that Arsenal will avoid relegation – Yahoo
Alan Shearer would ‘not be so sure’ about Arsenal staying in Premier League – BBC
Alderweireld own goal helps Leicester leap above Spurs with decisive victory – Yahoo
Alexander Albon hurt at being replaced by Sergio Perez at Red Bull – BBC
America’s Cup: Sir Ben Ainslie says Ineos Team UK must improve before challenger series – BBC
Amway College Football Poll 2020: Top 25 Rankings After Championship Games – Bleacher Report
Andy Murray edges out Dan Evans in ‘Battle of the Brits’ clash – Yahoo
AP College Football Poll 2020: Top 25 Rankings After Championship Games – Bleacher Report
Arsenal go second in WSL after four-goal rout of lacklustre Everton – Yahoo
Arsenal Legend, Hartson: Willian Has Done Nothing Since Joining Gunners – Complete Sports
Arteta ‘understands’ questions over his future after latest Arsenal defeat – Goal
Asike: Tusker FC defender explains impact of Gor Mahia win ahead of game vs Vihiga United – Goal
ATK Mohun Bagan coach Antonio Habas: Sunil Chhetri is the best Indian player for the last 15 years – Goal
Babangida laments Ajaxs sale of key players – Punch
Babangida: Nigeria has lost its football culture under Rohr – African Football
Barca Presidential Candidate Pledges To Make Bellerin Top Transfer Target – Complete Sports
Barcelona interim president backs embattled manager Koeman – Goal
Battle of the Brits: Andy Murray beats Dan Evans in Roehampton – BBC
Bayern Munich give Coman injury update after winger limped off against Leverkusen – Goal
Bielsa is a coach with all the details’ – Leeds are the ‘fittest team’ in the Premier League, says Man Utd boss Solskjaer – Goal
Big Bash League: Dan Christian stars in Sydney Sixers win over Adelaide Strikers – BBC
Bills Are a Problem and Josh Allen Has Made NFL MVP a 3-Man Race. – Bleacher Report
Bowl Games 2020-21: Complete Schedule of Matchups – Bleacher Report
Bowl Projections 2020: Predictions for Top Teams Ahead of Final CFP Poll Reveal – Bleacher Report
Bradley Beal, Davis Bertans Talk Russell Westbrook’s Impact in Wizards Debut – Bleacher Report
Brandun Lee Remains Undefeated with Third-Round TKO over Dakota Linger – Bleacher Report
Brian Kelly: Notre Dame ‘Without Question’ 1 of 4 Best Teams After Clemson Loss – Bleacher Report
Brighton & Hove Albion 1-1 Sheffield United: Danny Welbeck saves late point against 10 men – BBC
Brighton vs Sheffield United live stream: How to watch Premier League fixture online and on TV – Yahoo
Brighton vs Sheffield United LIVE: Team news, line-ups and more ahead of Premier League fixture today – Yahoo
Brighton’s Danny Welbeck denies 10-man Sheffield United precious win – Yahoo
Caf Champions League: Broke Gor Mahia risk Caf sanctions as Algeria trip hangs in balance – Goal
CAF Champions League: Enyimba departs for Sudan today – The Sun
Compiled by:
Citynewsng.com
News
I Delivered $15m Agency Cash To Ex-NIMASA DG Akpobolokemi, EFCC Witness Tells Court
A prosecution witness, Captain Ezekiel Bala-Agaba, testified in a Lagos Federal High Court on Thursday, that he personally delivered $15 million in cash to former NIMASA DG, Patrick Akpobolokemi.
The witness, Bala-Agaba, a former Executive Director of Maritime Safety, Shipping Development and Marine Operations at NIMASA, made the disclosure while testifying before Justice Ayokunle Faji of the Federal High Court in Lagos.
Captain Agaba, who appeared as the 15th prosecution witness, told the court that funds meant for pipeline surveillance were withdrawn from NIMASA’s accounts, converted into dollars, and handed over to Dr Akpobolokemi.
According to him, the money was taken to a Bureau de Change, which converted it into $15 million before the cash was delivered to the NIMASA office on Burma Road, Apapa, Lagos.
He said he subsequently took the money to the office of the then Director-General.
“The money was sent to a Bureau de Change, which later brought the dollar equivalent to our office at Burma Road, Apapa, Lagos. I asked my Personal Assistant, Ekene Nwakuche, to carry the bag and follow me to the Director-General’s office,” he told the court.
The witness explained that he collected the bag from his aide before entering the office.
“When we got to the door of the Director-General’s office, I collected the bag from him and asked him to wait outside. I then personally delivered the sum of $15 million to the Director-General.”
The witness was initially a defendant in the case but later opted to testify for the prosecution.
While being led in evidence by prosecuting counsel, Suleiman Suleiman, he explained the chain of command within NIMASA and how financial approvals were processed in the agency.
According to him, the Director-General is the overall head of the agency and issues instructions to directors, who then implement policies in line with the NIMASA Act.
He told the court that he chaired the agency’s Intelligence Committee, which was responsible for certain security-related operations.
“As chairman of the committee, I oversaw its activities and reported directly to the Director-General, Dr. Patrick Akpobolokemi,” he said.
During the proceedings, the witness was also shown a document containing a letter from Access Bank to the Economic and Financial Crimes Commission (EFCC) detailing transactions in NIMASA’s accounts between 2013 and 2015.
When asked how much money he took to the former Director-General, Agaba replied: “$15 million.”
After listening to the testimony, Justice Faji adjourned the matter until April 22 and 23 for cross-examination of the witness.
The EFCC had in December 2015 arraigned Dr. Akpobolokemi and seven others before the court on a 30-count charge bordering on conspiracy, fraudulent conversion of funds and money laundering.
Those charged alongside the former NIMASA boss include, Warredi Enisuoh, Governor Juan, Ugo Frederick, Timi Alari, as well as Alkenzo Limited and Penniel Engineering Services Limited.
They pleaded not guilty to the offences.
The anti-graft agency alleged that the defendants conspired to divert funds running into over N1.15 billion under the guise of providing security intelligence in Nigeria’s maritime domain.
According to the EFCC, the NIMASA Intelligence Committee allegedly received N1,153,000,000 between December 2013 and July 2015.
Investigations further revealed that several companies contracted to execute the intelligence operations were either unregistered or lacked the capacity to perform the services, while some were allegedly linked to the defendants.
The prosecution also alleged that the defendants nominated or owned many of the companies used to execute the contracts.
One of the charges stated that the defendants conspired to commit offences punishable under the Money Laundering (Prohibition) Act, 2012.
News
CBN Bars Chronic Loan Defaulters from Accessing New Banking Services
The Central Bank of Nigeria (CBN) has issued a directive to all financial institutions to immediately restrict certain banking services for large-ticket borrowers with non-performing loans (NPLs).
This move is aimed at strengthening credit discipline and protecting the stability of the Nigerian financial system following a rise in the industry’s NPL ratio to approximately 7%, exceeding the regulatory 5% threshold.
This order is specifically targeted at large-ticket obligors.
The CBN issued the directive in a circular to banks on Monday.
The latest instruction comes almost a week after the CBN asked financial institutions to stress test.
It is uncertain if the two directives are connected or what may have triggered the loan-related instruction, but the apex bank said it furthers its mandate to protect Nigeria’s financial system.
“In furtherance of its mandate to promote a sound financial system, protect depositors, and enhance prudential compliance within the banking sector, the Central Bank of Nigeria (CBN) hereby directs all banks to restrict non-performing large ticket obligors, whose activities pose systemic risk to the financial system, from accessing specified banking services,” the circular reads in part.
“Any large-ticket obligor with a non-performing facility recorded in the CRMS and/or any licensed private credit bureau shall not be granted additional credit facilities. For the purpose of this restriction, credit facilities include loans and other forms of direct credit.
“In addition, such obligors shall not be granted banking facilities or contingent liabilities such as bankers’ confirmations, letters of credit, performance bonds, or advance payment guarantees.”
News
Makinde Only In PDP Because He’s Not Seeking Re-election – Otitoju
Babajide Kolade-Otitoju, the Director of News at TVC News, recently stated that Oyo State Governor Seyi Makinde would likely have defected from the People’s Democratic Party (PDP) if he was still serving his first term.
Otitoju stated this on Friday on TVC’s ‘Breakfast Show’.
He described the National Convention of the Peoples Democratic Party, PDP, in Ibadan last November as a mere waste of time.
“People must show good judgment at a critical phase. What was the point of having that convention? Two courts told you not to go ahead but you went ahead.
“I may not be a fan of former Senate President Bukola Saraki but if he says something that makes sense, I will be the first to admit it. He made sense when he said let’s go for caretaker. What’s the point of not listening to him?
“Later you will be shouting that the ruling party is behind your crisis, meanwhile you are the architect of your own misfortunes. You created this problem.
“If Makinde were in his first term, he would have fled like the dancing governor because his second term would have been in danger,” Otitoju said.
-
News2 days agoWorld War III Fears: Zelensky Reveals Warning To Trump
-
News2 days ago2027 Shakeup: 12 Lawmakers Defect To APC, ADC
-
News1 day agoTerror Surge: Tinubu Demands Results from Security Chiefs
-
News22 hours agoCorruption Probe: Court Grants ICPC Access To Data On El-Rufai’s Seized Gadgets
-
News17 hours agoCBN Bars Chronic Loan Defaulters from Accessing New Banking Services
-
News18 hours agoMakinde Only In PDP Because He’s Not Seeking Re-election – Otitoju
-
News1 day agoBeyond My Wildest Dreams: Disu Opens Up During Handover From Egbetokun
-
News14 hours agoI Delivered $15m Agency Cash To Ex-NIMASA DG Akpobolokemi, EFCC Witness Tells Court
